Storefront Academy Charter School

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Phone

6467587205

Tax Period

2024-07-01 to 2025-06-30

Storefront Academy Charter School, founded in 2014, is a mid-sized nonprofit in the Education sector that reported $10.4M in total revenue in fiscal year 2024. Expenses of $12.0M exceeded revenue, resulting in a 15% operating deficit.

Mission

STOREFRONT ACADEMY SEEKS TO PROVIDE CHILDREN OF VARIED ACADEMIC STRENGTHS QUALITY EDUCATIONAL OPPORTUNITIES, PREPARING THEM ACADEMICALLY, SOCIALLY, AND EMOTIONALLY TO BECOME CRITICAL THINKERS, HIGH-ACHIEVING STUDENTS AND WELL-ROUNDED INDIVIDUALS. WORKING IN PARTNERSHIP WITH FAMILIES AND COMMUNITY MEMBERS, STOREFRONT ACADEMY INSTILLS A POWERFUL SENSE OF SELF, AND GIVES ITS STUDENTS THE TOOLS TO OWN THE FUTURE AND CREATE MEANINGFUL ADULT LIVES.

Program Service Accomplishments

Program 1

Expenses: $9,814,473 Revenue: $9,431,941

THE SCHOOL WAS ORGANIZED TO PROVIDE CHILDREN OF VARIED ACADEMIC STRENGTHS QUALITY EDUCATIONAL OPPORTUNITIES, PREPARING THEM ACADEMICALLY, SOCIALLY AND EMOTIONALLY TO BECOME CRITICAL THINKERS...

THE SCHOOL WAS ORGANIZED TO PROVIDE CHILDREN OF VARIED ACADEMIC STRENGTHS QUALITY EDUCATIONAL OPPORTUNITIES, PREPARING THEM ACADEMICALLY, SOCIALLY AND EMOTIONALLY TO BECOME CRITICAL THINKERS, HIGH-ACHIEVING STUDENTS AND WELL-ROUNDED INDIVIDUALS. WORKING IN PARTNERSHIP WITH FAMILIES AND COMMUNITY MEMBERS, STOREFRONT ACADEMY INSTILLS A POWERFUL SENSE OF SELF, AND GIVES ITS STUDENTS THE TOOLS TO OWN THE FUTURE AND CREATE MEANINGFUL ADULT LIVES. THE SCHOOL SERVED 345 STUDENTS FOR THE SCHOOL YEAR ENDED JUNE 30, 2025.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $988,279

Program Service Revenue $9,431,941

Investment Income $28

Other Revenue $27,848

TOTAL REVENUE $10,448,096

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,193,435

Fundraising Expenses $0

Program Expenses $9,814,473

Other Expenses $5,807,795

TOTAL EXPENSES $12,001,230

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,448,096	$9,908,266	+0.1%
Expenses	$12,001,230	$10,820,751	+0.1%
Net Income	$-1,553,134	$-912,485	+0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$110,158

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Atta Acheampong	SECRETARY	3.0	Officer Director	$0	$0	$0
JEWELL STEWART	VICE CHAIR	3.0	Officer Director	$0	$0	$0
JONATHAN STEARNS	TREASURER	3.0	Officer Director	$0	$0	$0
PETER LOW	CHAIR	3.0	Officer Director	$0	$0	$0
AMANDA LOW	TRUSTEE	1.0	Director	$0	$0	$0
RICHARD BAYLES	TRUSTEE	1.0	Director	$0	$0	$0
Marie Lucas	Director of Operations	40.0	Officer	$110,026	$132	$110,158
CAROL LAWRENCE SINGLETARY	PRINCIPAL	40.0	Highest	$134,282	$13,646	$147,928
CATHERINE BROWN	Special Education Teacher	40.0	Highest	$110,984	$13,629	$124,613
KATHERINE VASQUEZ	Lead Teacher	40.0	Highest	$104,777	$13,594	$118,371
TALEEMA CHESNEY	PRINCIPAL	40.0	Highest	$126,672	$13,626	$140,298
YOSELYN FERNANDEZ	ASSISTANT PRINCIPAL	40.0	Highest	$132,975	$13,629	$146,604

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$10,448,096	$12,001,230	$29,935,049	$-1,553,134
2024	$9,908,266	$10,820,751	$32,150,831	$-912,485
2023	$9,167,980	$9,514,672	$7,715,242	$-346,692
2022	$10,689,848	$9,962,193	$3,105,280	$727,655
2021	$10,238,198	$8,950,751	$2,744,185	$1,287,447
2020	$8,438,348	$7,889,633	$2,758,392	$548,715
2019	$4,792,168	$4,684,687	$1,020,717	$107,481
2018	$2,564,084	$3,433,732	$602,419	$-869,648